Brokerage firms and Analysts are showing bullish intent on State Bank of India (SBI) stock after India’s largest public sector bank posted strong earnings for the July-September quarter.
None of the 49 analysts tracking SBI has issued a ‘Sell’ rating. 42 among them have a “buy” rating, while seven give a “hold” call.
The brokerage believes that SBI share price could rise by approximately 40% from current levels. Latest seen, SBI shares were trading at Rs 976.55, up 7 or 0.72 per cent.
Brokerage Ratings & Target Price Breakdown
CLSA, HSBC, Citi and Bernstein have given a ‘Buy’ rating for the stock with an uptick potential of up to 40 per cent from the current level.
|
Brokerage Firm |
Rating |
Target Price / Notes |
|---|---|---|
|
CLSA |
Outperform |
₹1,325 (Broad-based loan growth, excellent deposit growth) |
|
HSBC |
Buy |
₹1,220 (Reduced from ₹1,310; raised FY27-29 EPS estimates by 4-8%) |
|
Citi |
Buy |
₹1,300 |
|
Bernstein |
Market-Perform |
₹1,300 (Supported by lower credit costs and stake sales) |